"Rising prices and mortgage rates have made it tougher for first-time homebuyers to fund stepping into their own place—but Pennsylvania remains one of the most affordable states."
"In 2024, the typical starter home in Pennsylvania costs about $186,050, requiring an annual income of roughly $44,561, one of the lowest thresholds in the Northeast."
Aspiring homeowners in Pennsylvania face challenges due to rising prices and mortgage rates, but the state remains one of the most affordable options in the Northeast for first-time buyers. In 2024, a starter home costs approximately $186,050, requiring an annual income of about $44,561 with a 10% down payment and 7% mortgage rate. Cities like Pittsburgh, Erie, and Scranton provide affordable housing options, and despite proximity to major cities like NYC and D.C., Pennsylvania offers unique opportunities for budget-conscious buyers.
Read at SFGATE
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